Just over a full year after foreclosure proceedings were initiated, the boutique Versante Hotel in Richmond has been placed under receivership as a result of the lender’s concerns regarding the owner-operator, according to filings in the Supreme Court of British Columbia obtained by STOREYS.
The Versante Hotel is a 14-storey hotel with 100 rooms and amenity space that is located at 8499 Bridgeport Road in Richmond and has received much recognition from the hospitality sector since it opened in 2018. The hotel is part of the three-tower International Trade Centre (ITC), with the other two towers being the 10-storey office tower at 8451 Bridgeport Road and the 12-storey office tower at 8400 West Road, according to Sunwins, the developer….
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